SoVote

Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:33:05 p.m.
  • Watch
Mr. Chair, is that in 2022 or 2023? We published a “Fiscal Monitor” last week, and it showed that our deficit for 2022-23 is likely to be lower than forecast. We forecast around $43 billion. We are now seeing it coming in at $40 billion or lower.
50 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Philip Lawrence
  • May/29/23 8:34:13 p.m.
  • Watch
Mr. Chair, during COVID, from 2021 to 2022, and then the next year, from 2022 to 2023, the debt-to-GDP ratio went up. Is that not correct?
28 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:34:24 p.m.
  • Watch
Mr. Chair, the debt-to-GDP ratio went up as a result of our extraordinary COVID spending. In budget 2023, we showed a debt-to-GDP ratio in 2022-23 of 42.4%—
34 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers (Simcoe North, CPC)
  • May/29/23 9:04:22 p.m.
  • Watch
Mr. Chair, could the hon. minister tell us this? Is it not a fact that between February 2020 and January 2022, the government issued approximately $471 billion of debt?
29 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Adam Chambers
  • May/29/23 9:04:59 p.m.
  • Watch
Mr. Chair, it is true. It is a fact. The government issued $471 billion of debt between February 2020 and January 2022. Could the hon. minister tell us how much of that issued debt is maturing in under three years?
40 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Marty Morantz
  • May/29/23 9:37:40 p.m.
  • Watch
Madam Chair, the answer was $2,780,000,000. How much was the Bank of Canada surplus for the receiver general in 2022?
23 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Marty Morantz
  • May/29/23 9:38:03 p.m.
  • Watch
Madam Chair, the answer is zero. How much did the Bank of Canada lose in 2022?
16 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Marty Morantz
  • May/29/23 9:38:22 p.m.
  • Watch
Madam Chair, the bank lost $705 million. When was the last time the Bank of Canada had a loss before 2022?
21 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Mr. Marty Morantz
  • May/29/23 9:38:42 p.m.
  • Watch
Madam Chair, the answer is that the bank never had a loss before 2022. On a prospective basis, how much does the Bank of Canada project these bank losses will be over the next few years?
36 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:57:56 p.m.
  • Watch
Madam Chair, that is a really important question, and I think when historians look back on 2022 and 2023 they are going to note that these were the years we were coming out of the pandemic. Just as when we look back at the early years of the 20th century, we talk about the Spanish flu, but we talk even more about the great transformations at the beginning of the past century, I think historians are going to say 2022 and 2023 were the years that the world's great industrial economies got serious about climate change and about the industrial transformation it requires.
104 words
  • Hear!
  • Rabble!
  • star_border